Commercial Roofing Services throughout NY & CT

Brookfield, CT
Fairfield County


Asking Price: Annual Revenue:
$8,500,000 $12,101,833

Services: Engineering, Architectural Services


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RE: Commercial Roofing Services throughout NY & CT Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $8,500,000 12.5% Buyer Down Payment $1,062,500 12.5% Seller Financing or Equity Roll $1,062,500 75% Bank Loan $6,375,000

Quick Facts

Asking Price: $8,500,000
Annual Revenue: $12,101,833
Net Profit: Not Disclosed
Cash Flow: $1,200,865
Total Debt: Not Disclosed
FF&E: $794,500
Real Estate: Not Disclosed
Year Established: 2014
Employees: 71
BBN Listing #: 102834398
Broker Reference #: CBI024

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Business Overview:

This roofing & sheet metal company has over 70 employees in place and has had year-over-year growth in sales since 2018! Specializing in commercial roofing in the western half of Connecticut, the lower Hudson Valley, and the five boroughs of NYC and Long Island, they install new roofing as well as replace existing roofs. The breakdown varies from year to year; in 2020, 75% of sales came from new construction, while 25% was reroofing services. With expertise in membrane roofing, metal roofing, custom sheet metal work, shingle, slate, and tile steep slope roofing, below grade waterproofing, plaza pavers, and ornamental sheet metal work, this business has considerable repeat business with general contractors, construction managers, and owners in the area. Their diversified client base includes national retail, hospitals, pharmaceuticals, military, universities, private schools, government (schools, town halls, police, fire, etc.), and NYC government agencies. The team of 70 includes the owner, who handles sales, banking, insurance, and bonding, as well as a Director of Operations, Director of Business Development, Chief Estimator, HR Manager, Accounting Manager, Field Manager, Project Manager, and 60 full-time field employees.

The roofing & sheet metal division is 100% union; they started a solar division in 2020, which is 100% non-union. The business landed a national account servicing approximately 200 stores, strip malls, and shopping centers from Buffalo, New York to Baltimore, Maryland. The solar division was started to be more competitive for this account. Although they have not completed any solar installations, this division has taken on service work since June 2020 and did $500,000 in sales with a profit of nearly $225,000. The national account has approximately 20M square feet of roof; the non-union solar division will provide reroofing services for 10-12% of their stores. They expect to do 2-3 times the 2020 sales amount in 2021 with similar margins.

Priced at $8,500,000, this company is poised for large growth. Expanding the solar division will boost sales and increase profit margins tremendously. They grew by 20%+ in 2020, with the expectation to be at that same rate or higher in 2021. A new owner could take their well-trained workforce and established relationships with private customers to the next level.

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Reason for Selling:

Approaching Retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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